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Liquid staking app Lido has started moving the bulk of its staked $ETH<\/span> onto Ethereum\u2019s larger post-Pectra validators, and the operators running them are now putting up their own capital for the first time.<\/p>\n The main idea is that Lido\u2019s curated node operators stop running thousands of identical 32 $ETH<\/span> validators and collapse them into far fewer, much larger ones.<\/p>\n Moreover, Ethereum\u2019s Pectra hardfork, activated in May 2025, raised the maximum effective balance per validator to 2,048 tokens through what are known as 0x02 credentials. Curated Module v2 is the piece of Lido Core that now supports them natively (Phase 1 went live on Monday).<\/p>\n The scope is the Curated Module itself, the permissioned operator layer that has handled well over 90% of Lido\u2019s staked $ETH<\/span> since the protocol launched in 2020. That covers more than 265,000 existing validators and more than 8 million $ETH<\/span>, worth about $16 billion.<\/p>\n It\u2019s worth knowing Lido is doing this in a tighter market. As CryptoPotato reported, its revenue fell roughly 25% last year, and its share of all staked $ETH<\/span> slid from more than 28% in 2024 to just over 24% in December 2025.<\/p>\n$16B in $ETH<\/span> Moved<\/h2>\n
No Longer Trust, Operators Now Must Post Bonds<\/h2>\n